IBM Global Business Services has signed an agreement to become a reseller for Camilion Solutions’ flagship software product, ProductAuthority, an insurance product configurator.
IBM, which is the largest provider of IT solutions to the global insurance industry, supporting more than a billion transactions a day, will also resell Camilion services and training under the terms of the agreement.
ProductAuthority will provide IBM with the crucial product development component for its enterprise Insurance Product Lifecycle Management (PLM) solution. IBM will offer the integration expertise, data and analytics-related business knowledge, and hardware and software platform to optimize speed to market and performance.
The end-to-end PLM offering will enable customer-driven product development and allow business users to better manage product information and make it consistent throughout the enterprise. In addition, insurers can realize significant process improvements, and costs related to product development, distribution and customer service can be dramatically reduced, Camilion said.
Camilion’s partnership with IBM gives both our organizations the unique ability and experience to facilitate a critical business transformation for our mutual customers, said Ross Orrett, president and CEO of Camilion. Built to capitalize on a services-oriented architecture (SOA), ProductAuthority will easily integrate with key data and analytics solutions that IBM will provide, as well as next-generation policy administration systems, to enable insurers to meet their future product development requirements.